Dealing with a Problem Tenant

Posted by admin | Flats for Rent, Hollywood Rentals, Home Improvement, Lofts and Condos, Real Estate | Monday 28 June 2010 6:28 am

Dealing with a Problem Tenant
Buy-to-let has been a very difficult business model over recent times. The credit crunch combined with the crash of property prices has put many buy-to-let landlords in difficult positions. The last thing any landlord wants is a problem tenant, but as everything else in the economy becomes more difficult, the number of problem tenants has also risen.
This is not always their fault. In many instances they are victims of the same economic factors that are affecting their landlords. A tenant may be the best tenant in the world under normal circumstances. They have always paid their rent on time, they have taken care of the house and have tended to the garden. In fact they were such model tenants that when they wanted to increase the time scale of the tenancy agreement, you were more than happy to oblige.
Then suddenly everything changed. The rent payments were progressively later, initially a week, then two, then a month. Your management company informed you that the tenant had been made redundant and was now dependent on the DSS for paying the rent. Of course you are sympathetic, but this is a business arrangement and things have suddenly taken a significant turn for the worse, particularly as you have now decided that you need to sell the property.
Once the DSS are involved in paying the rent, it is extremely difficult to persuade assured shorthold tenants to leave even when the tenancy agreement has expired. Even after you have issued a two month notice for them to leave, in many instances the DSS are unlikely to cooperate. It might be necessary for you to obtain an eviction notice from the court before the DSS is willing to re-house them, and this can be very time consuming and expensive.
In these circumstances it might be worth considering selling the property with the problem tenant in situ. Of course it would be just about impossible to do this on the open market, but there are a number of companies that make a business out of just this kind of purchase such as swift capital. Naturally they discount the purchase price by about 25% of that of a similar property with vacant possession, but this could be your best choice.

Visit Minsk

Posted by admin | Flats for Rent | Thursday 12 March 2009 10:46 am

minskMany foreigners have never heard anything about this city. What is more, not all the people know that this city is the capital of the Republic of Belarus. If you come to the US and ask people whether they would like to visit this city they will definitely say no. They don’t know that the city is modern and there is nothing to be afraid of. No wars and bears at all. People know how to use computers!

Today Minsk is different. All the foreigners say that the city is very clean and is in flowers and trees. And it is true, nobody is exaggerating. Every morning you can see people who help to keep this city clean. And they work everywhere, not only in the central part of it. Unfortunately, many people throw cigarettes and plastic bottles on the roads and sidewalks, but such deeds are treated with disrespect by the citizens.

When people come to this city for the first time they usually spend huge sums of money and only then they understand that everything could be cheaper. If you need a place to stay don’t go to the hotel. Try to search the Internet and you will find out that it is possible to rent apartments minsk cheaper. And there are only advantages in it.

And finally, women in this city are gorgeous! That is why it is possible for every man to find a beautiful, wise, well-educated and faithful wife. Visit Minsk and you will be amazed by its beauty.

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